PHEV

Great Wall Motor Chairman Wei Jianjun asserted in a CNBC interview that hybrids, not pure EVs, will drive sustainable automotive transitions, citing impracticality in replacing global oil infrastructure and lithium batteries’ temperature vulnerabilities. He highlighted China’s 85% YoY surge in PHEV sales (Q1 2025), exceeding EV growth. While Chinese engineering rivals legacy brands’ quality at lower costs, brand equity remains a hurdle. Contrasting Western EV-centric strategies, 42% of China’s 2024 NEV sales were PHEVs, underscoring a strategic divide: transitional tech adoption versus reliance on battery breakthroughs. Analysts position hybrid pragmatism as pivotal in decarbonization debates.